Adams v. Stanford Group Company

Class Action Complaint against Stanford

more+
less-

This appears to be the first class action filing against Stanford in the wake of a fraud investigation by the SEC.

The complaint describes the allegedly aggressive sales efforts undertaken to sell the affiliated bank's CDs. The complaint alleges that the sales efforts misrepresented the safety and security of the CDs. The complaint also alleges that the Stanford affiliated entitles misrepresented their performance and investment returns. The returns are alleged to have been "misleading and inflated."

LOADING PDF: If there are any problems, click here to download the file.

Reference Info:Pleadings | Federal, 5th Circuit, Texas | United States


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Doug Cornelius | Attorney Advertising

Written by:

more+
less-

Doug Cornelius on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×